A tax levied on the profits earned from business activities.

Answer 1

The tax you're referring to is typically called corporate income tax or corporate tax. This tax is imposed on the profits of corporations, which are the earnings after deducting all expenses, including the costs of goods sold, operating expenses, and taxes. Corporate income tax rates and regulations can vary significantly by country and region. In addition to corporate taxes, some jurisdictions may also levy other taxes related to business activities, such as self-employment tax for sole proprietors or partnerships.